UAE AML laws classify corporate service providers (CSPs) as part of the “Designated Non-Financial Businesses and Professions” category, assigning them the responsibility to carry out activities aimed at mitigating money laundering and terrorist financing risks.
To support CSPs in this process, we have created a comprehensive eBook that serves as a practical guide throughout the AML compliance journey. This resource will provide insight into the AML regulations in the UAE that CSPs must adhere to.
Additionally, the eBook offers an in-depth explanation of the key AML compliance requirements, including:
- goAML Registration
- Appointment of a Qualified AML Compliance Officer
- Enterprise-Wide Risk Assessment (EWRA)
- Development and Implementation of AML/CFT Policies, Procedures, and Controls
- Client Due Diligence (CDD) Measures
- Ongoing Monitoring of Transactions and Business Relationships
- Implementation of Targeted Financial Sanctions (TFS) Program
- Identifying and Reporting Suspicious Activities or Transactions
- AML Training
- AML Governance
- AML Record Keeping
With this eBook, corporate service providers will have the necessary tools to stay compliant with AML regulations, ensuring they are well-equipped to prevent financial crimes and uphold their reputation as trusted AML champions.
For guidance on AML compliance, contact our team today. We offer tailored solutions to help your organization meet regulatory requirements and effectively mitigate risks. Let us support your AML efforts with confidence.